I will be covering some of the compensation related stories regarding Bounce Back Loans moving forward, for I do know many of you are interested in finding out if you can claim compensation for delays and being messed about by the banks and lenders that were part of that scheme. […]
You will find some banks may offer you compensation if you complain directly to them about any Bounce Back Loan related problems you have experienced, but you can take your complaint to the Ombudsman, just be aware they are backlogged with complaints so are taking quite some time to reply with a ruling. […]
I received a message yesterday evening from a follower who had secured a Bounce Back Loan from NatWest back in the first few weeks of the scheme, in which they told me that they had just received a “Letter of Demand” from the bank informing them that an “Event of Default” had occurred, and they want the money back. […]
Whilst I know many of you have failed to get one Bounce Back Loan, some people have had lots of them, and today I will be taking a quick look at the background to one such person, who managed to bag 36 BBL’s. […]
The one question I did get asked a lot during the lifetime of the Bounce Back Loan scheme, was “shall I transfer it out” when the funds finally dropped into an applicant’s bank account. Now you may ask yourself why someone who had just secured a Bounce Back Loan would want to move it to another account, well one reason was many banks had acquired a track record for approving BBL’s, paying them out to customers then out of the blue snatching them back. […]
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